Idfc First Bank Limited (IDFCFIRSTB)

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Idfc First Bank Limited (IDFCFIRSTB) · mywealthgrid

About

IDFC First Bank is a private sector bank with market capitalization of ₹73,819 Cr and quarterly revenues of ₹9,900–₹11,000 Cr, operating as a mid-tier player in India's banking sector. The bank operates at high operating margins of 35.62%, indicating strong cost discipline and pricing power. However, ROE of only 3.76% and earnings volatility (net profit ranging ₹330–₹1,147 Cr) suggest underlying profitability challenges despite this cost structure.

Founded: 2015
Face value: ₹10

Market cap

₹69,254 Cr

P/E

30.0×

P/B

1.5×

Dividend yield

0.3%

ROE

3.8%

ROCE

Debt / equity

0.78

OPM

35.6%

EPS (TTM)

₹2.7

Book value

₹54.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation mismatch: PE ratio of 32.03 demands substantial future earnings growth, yet quarterly net profit swings from ₹330 Cr to ₹1,147 Cr suggest inconsistent value creation

Capital inefficiency: ROE of 3.76% is critically low for a private bank despite OPM of 35.62%, indicating asset quality stress, funding cost burdens, or structural deployment failures

Earnings volatility: Net profit swings across recent quarters (₹330–₹1,147 Cr) raise questions about profitability sustainability and quality

Leverage and credit sensitivity: D/E of 0.77 combined with low ROE suggests vulnerability to loan losses or rate shocks; verify NPA levels and reserve adequacy

Generated analysis · source review pending

Growth drivers

OPM of 35.62% with quarterly range 32–38% demonstrates cost discipline; verify whether volume leverage can improve net profitability from current 3.76% ROE

Revenue base of ₹9,900–₹11,000 Cr demonstrates scale; verify loan origination and deposit expansion growth rates to drive top-line momentum

D/E ratio of 0.77 indicates moderate leverage capacity; verify deposit mobilization pace and credit growth pipeline to assess funding for expansion

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹80.4+1.2%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 35.6%
+Profit CAGR of 27.2% over the last 5 years
+Revenue CAGR of 20.5% over the last 5 years

Cons

−Low return on equity of 6% (3-yr avg)
−Weak interest coverage of 1.1×
−Low dividend payout of 9.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 33
Growth: 63
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9,098	12,204	16,240	15,968	17,173	22,728	30,325	36,502	40,549
Interest	7,126	8,743	10,228	8,585	7,465	10,091	13,870	17,208	19,333
Expenses	1,797	6,091	10,080	9,118	12,130	13,068	17,631	23,431	26,104
Financing profit	176	-2,630	-4,068	-1,735	-2,422	-431	-1,176	-4,137	-4,889
Financing margin %	1.9%	-21.6%	-25.1%	-10.9%	-14.1%	-1.9%	-3.9%	-11.3%	-12.1%
Other income	1,120	852	1,722	2,254	3,173	4,467	5,932	6,977	7,874
Depreciation	—	—	—	—	575	705	899	975	1,178
Profit before tax	—	—	-2,346	519	175	3,331	3,857	1,864	1,807
Tax	—	—	498	36	43	846	915	374	196
Tax %	—	—	21.2%	6.9%	24.4%	25.4%	23.7%	20.1%	10.9%
PAT	880	-1,908	-2,843	483	132	2,485	2,942	1,490	1,611
EPS (₹)	2.6	-4.7	-5.9	0.9	0.2	4	4.3	2	1.9
EPS adjusted (₹)	2.6	-4	-5.9	0.9	0.2	3.8	4.2	2	1.9
	29%	—	—	0%	0%	0%	0%	12.3%	13.2%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	3,399	3,404	4,782	4,810	5,676	6,218	6,618	7,070	7,322	8,602
Reserves	11,277	11,870	13,418	10,594	12,224	14,848	19,192	25,204	30,834	38,514
Deposits	40,098	48,039	70,354	65,079	88,536	1,05,540	1,44,470	2,00,570	2,52,010	2,94,312
Borrowings	50,262	57,287	69,983	57,397	45,786	52,963	57,212	50,936	38,984	36,633
Other liabilities	7,028	5,781	8,563	11,279	10,850	10,578	12,390	12,430	14,759	21,714
Total equity & liabilities	1,12,064	1,26,382	1,67,099	1,49,159	1,63,072	1,90,146	2,39,882	2,96,210	3,43,909	3,99,775
Fixed assets	799	800	974	1,073	1,296	1,387	2,133	2,675	2,736	2,626
Investments	50,164	60,904	58,245	45,174	45,182	45,935	60,913	74,500	80,505	85,646
	61,101	64,677	1,07,880	1,02,911	1,16,594	1,42,824	1,76,836	2,19,035	2,60,667	3,11,503
Total assets	1,12,064	1,26,382	1,67,099	1,49,159	1,63,072	1,90,146	2,39,882	2,96,210	3,43,909	3,99,775

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	14,128	-5,978	17,364	10,927	14,042	2,679	3,563	11,543	14,465	6,817
	-4,918	-1,027	-1,365	-3,764	-2,833	-2,960	-11,996	-9,887	-3,478	-14,143
	-6,974	6,742	-12,220	-12,539	-9,598	10,211	6,509	-2,954	-8,673	4,972
Net cash flow	2,236	-263	3,779	-5,376	1,610	9,929	-1,924	-1,298	2,314	-2,355
Free cash flow	13,858	-6,152	17,087	10,526	13,456	2,197	2,375	10,169	13,546	6,039
CFO / Operating profit %	—	—	—	177.4%	205%	53.1%	36.9%	90.9%	110.7%	47.2%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Retail Banking	53,883.4	234.28	2,33,311.47	2,34,331.02	—	—
Treasury	28,426.89	522.1

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	-15.6%	-17.5%	3%	0.8%	10.9%	9.7%	4.1%	4%
Return ratios
Return on assets %	-1.1%	-1.9%	0.3%	0.1%	1%	1%	0.4%	0.4%
Return on capital employed %	0.6%	5.3%	6.3%	4.6%	6.6%	6.9%	6.2%	6%
Return on equity %	-10.5%	-18.5%	2.7%	0.6%	9.6%	9.1%	3.9%	3.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Margin, working-capital and leverage ratios are omitted: a bank funds itself with deposits and books interest as its cost of revenue, so they would measure something other than what they name.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoter	39.37%	37.45%	37.43%	37.37%	35.37%	0%	0%	0%	0%	0%	0%	0%
	24.48%	24.3%	23.65%	21.02%	19.57%	27.12%	25.68%	23.8%	24.63%	36.75%	36.52%	36.1%
	5.59%	6.64%	6.81%	7.93%	11.74%	16.14%	19.3%	23.4%	24.32%	22.39%	22.74%	24.37%
	0%	0%	0%	0%	0%	0%	0%	0%	9.14%	7.81%	7.8%	7.79%
	30.56%	31.61%	32.11%	33.68%	33.32%	56.74%	55.02%	52.8%	41.91%	33.05%	32.94%	31.74%
No. of shareholders	—	—	—	—	—	—	—	—	30,40,715	28,65,887	28,90,403	27,89,803

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹81.4 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹81.6	+1	+1.3%	₹81.6	42,616	-606	4,213	9275
23 Nov 2026	₹82.0	+1	+1.2%	₹82.0	2,055	+80	212	9275
29 Dec 2026	₹82.3	+1.7	+2.1%	₹82.7	9	+9	11	9275

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

25

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	68

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

100

across 19 fund houses

Held by these funds

6.48%

of the company's equity

All mutual funds

12.76%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

100 schemes · 19 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	10.62 Cr	913.23	2.13%	1.233%	-0
SMALL CAP FUND	Tata Mutual Fund	5.98 Cr	513.88	3.92%	0.694%	-0
LARGE & MID CAP FUND	Tata Mutual Fund	4.83 Cr	414.81	5.4%	0.56%	-0
ETF NIFTY BANK BEES	Nippon India Mutual Fund	4.57 Cr	392.54	4.67%	0.53%	-3.74 L
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	3.69 Cr	317.17	2.43%	0.428%	-0
Arbitrage FundNEW	SBI Mutual Fund	3.6 Cr	309.46	0.65%	0.418%	—
Portfolio of Kotak Nifty Bank ETF	Kotak Mahindra Mutual Fund	2.43 Cr	208.77	4.67%	0.282%	-14.58 L
Nifty Bank ETF	SBI Mutual Fund	2.04 Cr	175.11	4.68%	0.236%	+2.06 L

1–8 of 100

1 / 13

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Jul 2026Transcript AI Summary PPTREC
Apr 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

40 announcementsExport CSV

1 Oct 2026, 4:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

29 Sept 2026, 4:30 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

29 Sept 2026, 4:25 pmBoard Meeting

Board Meeting Intimation For Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Bank For The Quarter And Half Year Ended September 30, 2026.

Exchange filing PDF

22 Sept 2026, 9:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

22 Sept 2026, 4:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

11 Sept 2026, 5:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

3 Sept 2026, 3:18 pmCompany Update

Announcement Under Regulation 30 Of SEBI LODR

General PDF

3 Sept 2026, 3:17 pmCompany Update

Announcement Under Regulation 30 Of SEBI LODR

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 4:47 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
29 Sept 2026, 4:30 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
PAT margin %	-15.6%	-17.5%	3%	0.8%	10.9%	9.7%	4.1%	4%
Return ratios
Return on assets %	-1.1%	-1.9%	0.3%	0.1%	1%	1%	0.4%	0.4%
Return on capital employed %	0.6%	5.3%	6.3%	4.6%	6.6%	6.9%	6.2%	6%
Return on equity %	-10.5%	-18.5%	2.7%	0.6%	9.6%	9.1%	3.9%	3.4%

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Rukmani Social Welfare Trust	SellMarket Sale	6,36,000	₹5.01 cr	0.06% → 0.05%	4 Nov 20257(3)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

64 deals · 19 Sept 2022 – 8 Oct 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	1,10,00,000	₹72.45	₹79.70 Cr
8 Oct 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	1,10,00,000	₹72.45	₹79.70 Cr
7 Oct 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	1,10,00,000	₹71.75	₹78.93 Cr
7 Oct 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	1,10,00,000	₹71.75	₹78.93 Cr
28 Mar 2024	CLOVERDELL INVESTMENT LTD	Bulk	BSE	Sell	15,88,53,018	₹75.24	₹1,195.21 Cr
29 Feb 2024	EAST BRIDGE CAPITAL MASTER FUND I LTD	Block	BSE	Buy	1,81,71,745	₹79.80	₹145.01 Cr
29 Feb 2024	BNP PARIBAS ARBITRAGE	Block	BSE	Sell	1,81,71,745	₹79.80	₹145.01 Cr
7 Dec 2023	DAYSIDE INVESTMENT LTD	Bulk	BSE	Sell	9,17,75,672	₹86.10	₹790.19 Cr
10 Oct 2023	GOLDMAN SACHS (SINGAPORE) PTE.- ODI	Block	BSE	Buy	1,55,34,626	₹90.25	₹140.20 Cr
10 Oct 2023	GOLDMAN SACHS INVESTMENTS MAURITIUS I LIMITED	Block	BSE	Sell	1,55,34,626	₹90.25	₹140.20 Cr

1–10 of 64

1 / 7

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Calls	Strike	Puts
0	0	0	₹0.0	68

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Idbi Bank LimitedIDBIIDBI	₹93,084 Cr	₹1,21,187 Cr	₹29,542 Cr	₹21,383 Cr	72.8%	₹9,343 Cr	31.8%	6.5%	14.2%	—
The Federal Bank LimitedFEDERALBNKFEDERALBNK	₹78,500 Cr	₹1,11,693 Cr	₹30,385 Cr	₹19,589 Cr	64.8%	₹4,692 Cr	15.1%	6.4%	11.4%	—
Idfc First Bank LimitedIDFCFIRSTBIDFCFIRSTB	₹69,254 Cr	₹1,05,886 Cr	₹41,958 Cr	₹14,462 Cr	35.6%	₹2,305 Cr	4%	6%	3.8%	—
Indusind Bank LimitedINDUSINDBKINDUSINDBK	₹69,094 Cr	₹1,11,884 Cr	₹45,297 Cr	₹22,203 Cr	49.3%	₹1,322 Cr	1.9%	5.7%	1.4%	—
Yes Bank LimitedYESBANKYESBANK	₹65,126 Cr	₹1,30,577 Cr	₹30,658 Cr	₹18,224 Cr	61.5%	₹3,775 Cr	11.6%	6%	7.1%	—
Rbl Bank LimitedRBLBANKRBLBANK	₹63,709 Cr	₹80,506 Cr	₹14,736 Cr	₹5,360 Cr	36.3%	₹899 Cr	6.1%	5.8%	5.4%	—
Bandhan Bank LimitedBANDHANBNKBANDHANBNK	₹28,355 Cr	₹42,658 Cr	₹21,844 Cr	₹10,127 Cr	46.9%	₹1,353 Cr	5.6%	6.4%	4.9%	—
Karur Vysya Bank LimitedKARURVYSYAKARURVYSYA	₹26,027 Cr	₹28,650 Cr	₹11,555 Cr	₹7,832 Cr	67.7%	₹2,745 Cr	22.7%	7.6%	19.3%	—
City Union Bank LimitedCUBCUB	₹17,092 Cr	₹22,419 Cr	₹7,249 Cr	₹4,979 Cr	69.6%	₹1,403 Cr	19.3%	6.7%	13.2%	—
The Jammu & Kashmir Bank LimitedJ&KBANKJ&KBANK	₹15,415 Cr	₹18,846 Cr	₹13,429 Cr	₹9,521 Cr	70.6%	₹2,301 Cr	17.9%	5.8%	15.3%	—
Tamilnad Mercantile Bank LimitedTMBTMB	₹13,813 Cr	₹14,513 Cr	₹6,096 Cr	₹4,458 Cr	74.1%	₹1,444 Cr	23%	7.5%	14%	—
The South Indian Bank LimitedSOUTHBANKSOUTHBANK	₹12,420 Cr	₹16,347 Cr	₹10,112 Cr	₹6,746 Cr	66.3%	₹1,511 Cr	14.8%	6.4%	13.5%	—

Idfc First Bank Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Futures3

Option chain25

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Quarterly record

Upcoming and recent1

Dividends5

Board meetings2

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Futures3

Option chain25

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Other Banking Business · revenue

3

25

1

5

2

3

25